CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).

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  The Central Bank of Nigeria (CBN) has dismissed a viral claim circulating on social media about the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news. The claim, which included fabricated images of the supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely stated that the new notes would enter circulation from May 1, 2025. In a statement on its verified Facebook account, the CBN clarified that the content is not from the bank and directed the public to its official website, (www.cbn.gov.ng), for authentic information. The bank warned against spreading misinformation regarding monetary policies and urged Nigerians to rely only on official statements from its verified channels. The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources befor...
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APPEAL COURT REAFFIRMS GOVERNOR OTU’S VICTORY.(PHOTO).

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Appeal Court reaffirms Governor Otu’s victory

The Court of Appeal, Lagos Division, on Wednesday, November 22, reaffirmed the victory of Governor Bassey Otu of Cross River State as the winner of the governorship election held on March 18, 2023.
The Appeal Court dismissed for lack of merit the appeal filed by the governorship candidate of the Peoples Democratic Party PDP, Sandy Onor who had earlier suffered the same fate on September 26th, 2023 in Calabar.
The tribunal verdict has now been re-affirmed by the Appeal Court.
Governor Otu in a swift reaction to his latest victory, through his press secretary, Emmanuel Ogbeche, expressed happiness and hoped that the Appeal Court verdict would bring to a close to election litigation against his victory which was a clear indication of the people’s mandate overwhelmingly given to him.
The governor stated: “This ruling should bring an end to litigation on the outcome of the governorship election. For those in the opposition, especially my brother, Prof. Sandy Onor, I once again offer you a hand of friendship. Come and join my administration so that together we can move our state forward and bring about the dividends of democracy.
“My administration is fully re-energised to deliver on the People First Mandate, which is on track to repositioning our state for effective and responsive governance. I solicit the support and patience of all Cross Riverians as we navigate the challenging times towards the Cross River of our dreams.
“Let me reassure all our citizens that we are working round the clock to ensure that we deliver the best governance for our people. It is important also to note that reparations are in top gear for a robust and successful Calabar festival, while we continue to address other socio-economic and developmental issues.”
Senator Otu was declared winner of the polls by INEC having polled a total of 258,619 votes winning in 15 of the 18 local governments of the state to defeat his closest rival, Senator Sandy Onor of the Peoples Democratic Party, who garnered 179,636 votes.

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